WestRock Co (WRK) Shares Bought by Quantitative Investment Management LLC
Quantitative Investment Management LLC raised its stake in WestRock Co (NYSE:WRK) by 527.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 143,700 shares of the basic materials company’s stock after purchasing an additional 120,800 shares during the period. Quantitative Investment Management LLC’s holdings in WestRock were worth $9,083,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Assetmark Inc. increased its position in shares of WestRock by 672.6% during the fourth quarter. Assetmark Inc. now owns 1,661 shares of the basic materials company’s stock worth $105,000 after acquiring an additional 1,446 shares in the last quarter. Invictus RG bought a new stake in shares of WestRock during the third quarter worth about $108,000. Tower Research Capital LLC TRC increased its position in shares of WestRock by 1,225.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,107 shares of the basic materials company’s stock worth $133,000 after acquiring an additional 1,948 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new stake in shares of WestRock during the third quarter worth about $130,000. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of WestRock during the third quarter worth about $147,000. 87.18% of the stock is owned by hedge funds and other institutional investors.
WestRock Co (NYSE WRK) opened at $67.07 on Friday. WestRock Co has a twelve month low of $49.23 and a twelve month high of $71.55. The firm has a market cap of $17,111.37, a PE ratio of 9.82, a P/E/G ratio of 1.33 and a beta of 1.37. The company has a current ratio of 1.28, a quick ratio of 0.74 and a debt-to-equity ratio of 0.47.
The company also recently declared a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Friday, February 16th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.56%. The ex-dividend date was Thursday, February 15th. WestRock’s dividend payout ratio (DPR) is presently 25.18%.
Several equities research analysts have recently commented on the stock. Stephens set a $74.00 target price on shares of WestRock and gave the stock a “hold” rating in a research report on Monday, January 29th. Barclays boosted their target price on shares of WestRock from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Monday, February 12th. BMO Capital Markets boosted their target price on shares of WestRock to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 12th. Zacks Investment Research raised shares of WestRock from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research report on Saturday, February 3rd. Finally, ValuEngine raised shares of WestRock from a “hold” rating to a “buy” rating in a research report on Friday, February 9th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $74.25.
In related news, Director John A. Luke, Jr. sold 42,250 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $66.12, for a total transaction of $2,793,570.00. Following the transaction, the director now directly owns 539,693 shares in the company, valued at $35,684,501.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Steven C. Voorhees sold 49,267 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $65.00, for a total transaction of $3,202,355.00. Following the transaction, the chief executive officer now owns 700,051 shares in the company, valued at $45,503,315. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 478,442 shares of company stock worth $31,464,146. 2.68% of the stock is owned by corporate insiders.
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WestRock Company, incorporated on March 6, 2015, is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development.
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